Tim Bannister Britain London record country band Tim Bannister Britain London

Average house price in the UK now more than £330,000

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manchestereveningnews.co.uk

Don't miss a thing by getting the day's biggest stories sent direct to your inbox The average price tag on a home in the UK has reached one-third of a million pounds, according to a property website.

In May, house sellers were typically asking for a record £333,564, Rightmove said. The average asking price has jumped by £5,767, or 1.8 per cent, since the previous all-time high recorded in April.

Demand continues to massively exceed supply, particularly in northern regions, and in contrast, asking prices in London are at a “virtual standstill”, they added.

Tim Bannister, Rightmove’s director of property data, says 2021 is the 'year of the northern mover'. Prospective buyers are now typically faced with record prices for newly-marketed

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